Plazo Legal De Pago a Proveedores 2020

In order to combat the collateral effects of late payment, the law sets maximum payment terms for suppliers. It will be illegal to impose longer time limits and the rights of the creditor in the event of non-payment will be regulated. These periods may be extended by mutual agreement between the two parties, but not exceeding 60 calendar days. In the event of default by the public sector body, the supplier or contractor is entitled to default interest and reimbursement of the costs of non-management of recoveries. “The law was repealed because the part that would actually affect the improvement of payment terms was eliminated in the draft,” he warned. As he explained, it was possible for a public tendering contract to be terminated in the middle of the process if subcontractors were not paid on time. Financing through commercial loans is a very common strategy in businesses. The aim is to delay payments as much as possible. The Payment to Suppliers Act attempts to prevent abuse in this regard by regulating maximum collection periods. The ratio of paid transactions is currently 17.99 days, down 1.46 days from the previous month. On the other hand, the average for pending transactions is 27.88 days; This represents a reduction of 0.99 days compared to February this year. The outstanding debt ratio would have decreased by 4.8% compared to 2020, and 94% of companies would consider it necessary to introduce a sanctions regime, while 8% believe that electronic invoicing would also improve the average payment time to suppliers.

The supplier must deliver the invoice to his customer within a maximum period of 30 days from the date of actual delivery of the goods or services. Commercial payments made in August amounted to €4,411.25 million, up 14.78% compared to the same month of 2021. Of this amount, €2,865.19 million is attributable to health payments, an increase of 11.56% compared to August of the previous year. Despite this situation, the delinquency record in 2021 was slightly better than in 2020, much more affected by the closures and tensions of the pandemic. The average payment time to suppliers decreased in 2021 in the public sector (within 16 days, 21%, from 77 to 61 days) and in the private sector (down 6%, five days less, 72 days, similar to 2019 before the pandemic). This leaves the failure rate (percentage of defects to total sales) at 4.8%, slightly lower than the 5.4% in 2020. Perhaps the most worrying fact of the study is that 27% of the companies surveyed consider that their business is not viable in the current situation of payment terms. The resulting number expresses the average number of days it takes a company to pay its suppliers. Added to this is the worrying fact that 83% of suppliers almost never charge default interest to their defaulting customers in the event of a default; and 92% of suppliers did not claim statutory compensation for restoration costs in the event of late or non-payment.

For its part, the central government payment term decreased from 0.17 days to 45.27 days, while local units in the allocation model have a payment term to suppliers of 59.52 days in the eighth month of the year, which is a significant improvement compared to the same month of the previous year, which is down 17.56 days. For this reason, the PMcM president warns that if these measures are withdrawn in 2022, “we will experience a significant break in the payment chain; Let`s not forget that half a million companies are threatened with bankruptcy, mainly because of late payment,” warns Cañete. In August, it is customary to increase the ratio of pending transactions and, therefore, the PMP for the holiday season. Digitizing the supplier payment process is the best option to manage the PMP. Tickelia, the complete enterprise expense management solution, adapts to the needs of any business by organizing and simplifying the management of the company`s cost cycle.